Xchanging Solutions Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 9:55 am

Market Cap	1,080 Cr.
Current Price	97.0
High / Low	143/87.0
Stock P/E	22.8
Book Value	29.7
Dividend Yield	33.0 %
ROCE	11.9 %
ROE	2.66 %
Face Value	10.0
PEG Ratio	-4.21

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Xchanging Solutions Ltd

Competitors of Xchanging Solutions Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Visesh Infotecnics Ltd	125 Cr.	0.33	0.57/0.33		1.14	0.00 %	0.88 %	0.82 %	1.00
Mudunuru Ltd	22.6 Cr.	7.23	15.6/5.41		0.34	0.00 %	72.9 %	374 %	2.00
Naapbooks Ltd	94.7 Cr.	105	159/54.0	40.6	20.0	0.00 %	17.4 %	13.6 %	10.0
IB Infotech Enterprises Ltd	21.1 Cr.	165	245/113	27.1	16.8	0.61 %	69.9 %	50.5 %	10.0
Hit Kit Global Solutions Ltd	7.19 Cr.	1.55	1.55/0.91	20.0	2.08	0.00 %	1.92 %	1.94 %	2.00
Industry Average	19,195.34 Cr	566.73		79.98	121.67	0.84%	21.53%	64.55%	6.83

All Competitor Stocks of Xchanging Solutions Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	43	45	44	43	41	46	44	43	42	44	44	44	46
Expenses	29	31	29	30	33	33	30	32	31	35	33	34	31
Operating Profit	14	14	15	14	8	13	14	12	11	10	11	11	14
OPM %	32%	31%	34%	31%	19%	29%	32%	27%	27%	22%	24%	24%	31%
Other Income	2	2	2	3	2	3	4	6	5	8	6	4	4
Interest	0	0	0	0	0	0	0	0	0	2	2	2	2
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	16	16	17	17	10	16	17	17	16	16	14	13	16
Tax %	23%	31%	10%	28%	32%	33%	151%	19%	123%	23%	27%	25%	12%
Net Profit	12	11	15	12	7	11	-9	14	-4	12	11	10	14
EPS in Rs	1.08	0.99	1.34	1.08	0.62	0.99	-0.81	1.24	-0.32	1.11	0.95	0.88	1.30

Last Updated: February 28, 2025, 4:07 pm

Below is a detailed analysis of the quarterly data for Xchanging Solutions Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹46.00 Cr.. The value appears strong and on an upward trend. It has increased from 44.00 Cr. (Sep 2024) to ₹46.00 Cr., marking an increase of ₹2.00 Cr..
For Expenses, as of Dec 2024, the value is ₹31.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 34.00 Cr. (Sep 2024) to ₹31.00 Cr., marking a decrease of 3.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹14.00 Cr.. The value appears strong and on an upward trend. It has increased from 11.00 Cr. (Sep 2024) to ₹14.00 Cr., marking an increase of ₹3.00 Cr..
For OPM %, as of Dec 2024, the value is 31.00%. The value appears strong and on an upward trend. It has increased from 24.00% (Sep 2024) to 31.00%, marking an increase of 7.00%.
For Other Income, as of Dec 2024, the value is ₹4.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 4.00 Cr..
For Interest, as of Dec 2024, the value is ₹2.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 2.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹16.00 Cr.. The value appears strong and on an upward trend. It has increased from 13.00 Cr. (Sep 2024) to ₹16.00 Cr., marking an increase of ₹3.00 Cr..
For Tax %, as of Dec 2024, the value is 12.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Sep 2024) to 12.00%, marking a decrease of 13.00%.
For Net Profit, as of Dec 2024, the value is ₹14.00 Cr.. The value appears strong and on an upward trend. It has increased from 10.00 Cr. (Sep 2024) to ₹14.00 Cr., marking an increase of ₹4.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 1.30. The value appears strong and on an upward trend. It has increased from ₹0.88 (Sep 2024) to 1.30, marking an increase of ₹0.42.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:21 pm

Metric	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Mar 2017n n 15m	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	209	243	287	279	307	186	184	182	196	174	174	174	179
Expenses	194	226	286	252	298	160	141	134	140	121	125	128	133
Operating Profit	15	17	1	28	9	26	43	48	55	53	50	47	46
OPM %	7%	7%	0%	10%	3%	14%	23%	26%	28%	31%	28%	27%	26%
Other Income	11	27	36	15	14	16	15	13	16	9	11	22	21
Interest	0	1	1	0	0	0	0	0	0	0	0	2	6
Depreciation	5	5	5	4	3	1	0	1	1	1	1	1	0
Profit before tax	21	39	32	39	20	41	57	59	70	61	60	66	60
Tax %	40%	22%	21%	24%	8%	22%	18%	8%	10%	14%	25%	79%
Net Profit	12	30	25	29	18	32	47	55	62	53	45	14	47
EPS in Rs	1.10	2.72	2.25	2.62	1.64	2.84	4.19	4.91	5.60	4.72	4.03	1.23	4.24
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	1,545%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	46.88%	17.02%	12.73%	-14.52%	-15.09%	-68.89%
Change in YoY Net Profit Growth (%)	0.00%	-29.85%	-4.29%	-27.24%	-0.58%	-53.79%

Xchanging Solutions Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: November 14, 2024, 6:32 pm

Month	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	111	111	111	111	111	111	111	111	111	111	111	111	111
Reserves	139	167	193	222	239	272	322	385	444	502	565	243	219
Borrowings	2	2	2	1	1	0	0	2	3	2	1	105	106
Other Liabilities	74	105	103	78	101	84	80	75	67	61	66	64	66
Total Liabilities	326	386	409	412	452	468	513	573	625	676	743	523	502
Fixed Assets	166	166	166	164	161	159	159	161	160	161	160	159	159
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	101	122	0	0	0	0	0	0	0
Other Assets	159	220	243	249	190	188	355	412	465	516	583	364	343
Total Assets	326	386	409	412	452	468	513	573	625	676	743	523	502

Below is a detailed analysis of the balance sheet data for Xchanging Solutions Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹111.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹111.00 Cr..
For Reserves, as of Sep 2024, the value is ₹219.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹243.00 Cr. (Mar 2024) to ₹219.00 Cr., marking a decrease of 24.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹106.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹105.00 Cr. (Mar 2024) to ₹106.00 Cr., marking an increase of 1.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹66.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹64.00 Cr. (Mar 2024) to ₹66.00 Cr., marking an increase of 2.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹502.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹523.00 Cr. (Mar 2024) to ₹502.00 Cr., marking a decrease of 21.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹159.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹159.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹343.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹364.00 Cr. (Mar 2024) to ₹343.00 Cr., marking a decrease of 21.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹502.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹523.00 Cr. (Mar 2024) to ₹502.00 Cr., marking a decrease of 21.00 Cr..

Notably, the Reserves (₹219.00 Cr.) exceed the Borrowings (106.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

No data available for this post.

Free Cash Flow

Month	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Mar 2017n n 15m	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	13.00	15.00	-1.00	27.00	9.00	26.00	43.00	46.00	52.00	51.00	49.00	-58.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	80	70	85	60	55	61	57	41	17	31	16	24
Inventory Days
Days Payable
Cash Conversion Cycle	80	70	85	60	55	61	57	41	17	31	16	24
Working Capital Days	43	6	23	22	-17	-30	-44	-19	-63	-31	-55	-54
ROCE %	11%	13%	7%	12%	6%	11%	14%	13%	13%	10%	9%	12%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
FIIs	0.24%	0.24%	0.06%	0.11%	0.05%	0.04%	0.11%	0.11%	0.23%	0.09%	0.08%	0.07%
DIIs	0.31%	0.31%	0.31%	0.31%	0.31%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%	0.29%
Public	24.45%	24.45%	24.63%	24.57%	24.63%	24.68%	24.60%	24.58%	24.47%	24.61%	24.62%	24.63%
No. of Shareholders	59,940	58,997	58,778	56,672	54,834	52,695	57,671	59,457	71,437	72,997	74,629	77,197

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.23	4.03	4.72	5.60	4.91
Diluted EPS (Rs.)	1.23	4.03	4.72	5.60	4.91
Cash EPS (Rs.)	1.28	4.09	4.80	5.73	5.04
Book Value[Excl.RevalReserv]/Share (Rs.)	31.77	60.70	55.07	49.88	44.53
Book Value[Incl.RevalReserv]/Share (Rs.)	31.77	60.70	55.07	49.88	44.53
Revenue From Operations / Share (Rs.)	15.66	15.66	15.64	17.57	16.36
PBDIT / Share (Rs.)	6.16	5.41	5.56	6.40	5.46
PBIT / Share (Rs.)	6.11	5.36	5.48	6.28	5.33
PBT / Share (Rs.)	5.94	5.35	5.46	6.25	5.32
Net Profit / Share (Rs.)	1.23	4.03	4.72	5.61	4.91
NP After MI And SOA / Share (Rs.)	1.23	4.03	4.72	5.61	4.91
PBDIT Margin (%)	39.32	34.57	35.54	36.43	33.39
PBIT Margin (%)	39.01	34.22	35.02	35.72	32.60
PBT Margin (%)	37.94	34.17	34.92	35.59	32.53
Net Profit Margin (%)	7.85	25.74	30.16	31.89	30.01
NP After MI And SOA Margin (%)	7.85	25.74	30.16	31.89	30.01
Return on Networth / Equity (%)	3.87	6.63	8.56	11.23	11.02
Return on Capital Employeed (%)	14.55	8.67	9.86	12.45	11.86
Return On Assets (%)	2.61	6.04	7.80	9.99	9.54
Long Term Debt / Equity (X)	0.29	0.00	0.00	0.00	0.00
Total Debt / Equity (X)	0.29	0.00	0.00	0.00	0.00
Asset Turnover Ratio (%)	0.27	0.07	0.09	0.09	0.10
Current Ratio (X)	6.09	9.94	8.87	6.62	5.37
Quick Ratio (X)	6.09	9.94	8.87	6.62	5.37
Dividend Payout Ratio (NP) (%)	2439.48	0.00	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	2346.98	0.00	0.00	0.00	0.00
Earning Retention Ratio (%)	-2339.48	0.00	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	-2246.98	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	36.68	603.10	387.13	274.27	468.15
Interest Coverage Ratio (Post Tax) (X)	8.33	450.00	329.56	241.15	421.77
Enterprise Value (Cr.)	1057.28	78.16	462.18	328.57	24.97
EV / Net Operating Revenue (X)	6.06	0.44	2.65	1.68	0.13
EV / EBITDA (X)	15.41	1.30	7.46	4.61	0.41
MarketCap / Net Operating Revenue (X)	7.23	3.40	5.18	3.68	1.93
Retention Ratios (%)	-2339.48	0.00	0.00	0.00	0.00
Price / BV (X)	3.56	0.87	1.47	1.30	0.70
Price / Net Operating Revenue (X)	7.23	3.40	5.18	3.68	1.93
EarningsYield	0.01	0.07	0.05	0.08	0.15

After reviewing the key financial ratios for Xchanging Solutions Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 1.23. This value is below the healthy minimum of 5. It has decreased from 4.03 (Mar 23) to 1.23, marking a decrease of 2.80.
For Diluted EPS (Rs.), as of Mar 24, the value is 1.23. This value is below the healthy minimum of 5. It has decreased from 4.03 (Mar 23) to 1.23, marking a decrease of 2.80.
For Cash EPS (Rs.), as of Mar 24, the value is 1.28. This value is below the healthy minimum of 3. It has decreased from 4.09 (Mar 23) to 1.28, marking a decrease of 2.81.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 31.77. It has decreased from 60.70 (Mar 23) to 31.77, marking a decrease of 28.93.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 31.77. It has decreased from 60.70 (Mar 23) to 31.77, marking a decrease of 28.93.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 15.66. There is no change compared to the previous period (Mar 23) which recorded 15.66.
For PBDIT / Share (Rs.), as of Mar 24, the value is 6.16. This value is within the healthy range. It has increased from 5.41 (Mar 23) to 6.16, marking an increase of 0.75.
For PBIT / Share (Rs.), as of Mar 24, the value is 6.11. This value is within the healthy range. It has increased from 5.36 (Mar 23) to 6.11, marking an increase of 0.75.
For PBT / Share (Rs.), as of Mar 24, the value is 5.94. This value is within the healthy range. It has increased from 5.35 (Mar 23) to 5.94, marking an increase of 0.59.
For Net Profit / Share (Rs.), as of Mar 24, the value is 1.23. This value is below the healthy minimum of 2. It has decreased from 4.03 (Mar 23) to 1.23, marking a decrease of 2.80.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 1.23. This value is below the healthy minimum of 2. It has decreased from 4.03 (Mar 23) to 1.23, marking a decrease of 2.80.
For PBDIT Margin (%), as of Mar 24, the value is 39.32. This value is within the healthy range. It has increased from 34.57 (Mar 23) to 39.32, marking an increase of 4.75.
For PBIT Margin (%), as of Mar 24, the value is 39.01. This value exceeds the healthy maximum of 20. It has increased from 34.22 (Mar 23) to 39.01, marking an increase of 4.79.
For PBT Margin (%), as of Mar 24, the value is 37.94. This value is within the healthy range. It has increased from 34.17 (Mar 23) to 37.94, marking an increase of 3.77.
For Net Profit Margin (%), as of Mar 24, the value is 7.85. This value is within the healthy range. It has decreased from 25.74 (Mar 23) to 7.85, marking a decrease of 17.89.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 7.85. This value is below the healthy minimum of 8. It has decreased from 25.74 (Mar 23) to 7.85, marking a decrease of 17.89.
For Return on Networth / Equity (%), as of Mar 24, the value is 3.87. This value is below the healthy minimum of 15. It has decreased from 6.63 (Mar 23) to 3.87, marking a decrease of 2.76.
For Return on Capital Employeed (%), as of Mar 24, the value is 14.55. This value is within the healthy range. It has increased from 8.67 (Mar 23) to 14.55, marking an increase of 5.88.
For Return On Assets (%), as of Mar 24, the value is 2.61. This value is below the healthy minimum of 5. It has decreased from 6.04 (Mar 23) to 2.61, marking a decrease of 3.43.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.29. This value is within the healthy range. It has increased from 0.00 (Mar 23) to 0.29, marking an increase of 0.29.
For Total Debt / Equity (X), as of Mar 24, the value is 0.29. This value is within the healthy range. It has increased from 0.00 (Mar 23) to 0.29, marking an increase of 0.29.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.27. It has increased from 0.07 (Mar 23) to 0.27, marking an increase of 0.20.
For Current Ratio (X), as of Mar 24, the value is 6.09. This value exceeds the healthy maximum of 3. It has decreased from 9.94 (Mar 23) to 6.09, marking a decrease of 3.85.
For Quick Ratio (X), as of Mar 24, the value is 6.09. This value exceeds the healthy maximum of 2. It has decreased from 9.94 (Mar 23) to 6.09, marking a decrease of 3.85.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 2,439.48. This value exceeds the healthy maximum of 50. It has increased from 0.00 (Mar 23) to 2,439.48, marking an increase of 2,439.48.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 2,346.98. This value exceeds the healthy maximum of 50. It has increased from 0.00 (Mar 23) to 2,346.98, marking an increase of 2,346.98.
For Earning Retention Ratio (%), as of Mar 24, the value is -2,339.48. This value is below the healthy minimum of 40. It has decreased from 0.00 (Mar 23) to -2,339.48, marking a decrease of 2,339.48.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is -2,246.98. This value is below the healthy minimum of 40. It has decreased from 0.00 (Mar 23) to -2,246.98, marking a decrease of 2,246.98.
For Interest Coverage Ratio (X), as of Mar 24, the value is 36.68. This value is within the healthy range. It has decreased from 603.10 (Mar 23) to 36.68, marking a decrease of 566.42.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 8.33. This value is within the healthy range. It has decreased from 450.00 (Mar 23) to 8.33, marking a decrease of 441.67.
For Enterprise Value (Cr.), as of Mar 24, the value is 1,057.28. It has increased from 78.16 (Mar 23) to 1,057.28, marking an increase of 979.12.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 6.06. This value exceeds the healthy maximum of 3. It has increased from 0.44 (Mar 23) to 6.06, marking an increase of 5.62.
For EV / EBITDA (X), as of Mar 24, the value is 15.41. This value exceeds the healthy maximum of 15. It has increased from 1.30 (Mar 23) to 15.41, marking an increase of 14.11.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 7.23. This value exceeds the healthy maximum of 3. It has increased from 3.40 (Mar 23) to 7.23, marking an increase of 3.83.
For Retention Ratios (%), as of Mar 24, the value is -2,339.48. This value is below the healthy minimum of 30. It has decreased from 0.00 (Mar 23) to -2,339.48, marking a decrease of 2,339.48.
For Price / BV (X), as of Mar 24, the value is 3.56. This value exceeds the healthy maximum of 3. It has increased from 0.87 (Mar 23) to 3.56, marking an increase of 2.69.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 7.23. This value exceeds the healthy maximum of 3. It has increased from 3.40 (Mar 23) to 7.23, marking an increase of 3.83.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.07 (Mar 23) to 0.01, marking a decrease of 0.06.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Xchanging Solutions Ltd as of March 12, 2025 is: ₹19.17

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, Xchanging Solutions Ltd is Overvalued by 80.24% compared to the current share price 97.00

Intrinsic Value of Xchanging Solutions Ltd as of March 12, 2025 is: 18.13

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, Xchanging Solutions Ltd is Overvalued by 81.31% compared to the current share price 97.00

Last 5 Year EPS CAGR: -5.41%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -18.25, which is a positive sign. The company has higher reserves (300.92 cr) compared to borrowings (17.46 cr), indicating strong financial stability. The company has shown consistent growth in sales (213.38 cr) and profit (48.08 cr) over the years.	The stock has a low average ROCE of 10.92%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 49.75, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Xchanging Solutions Ltd:
1. Net Profit Margin: 7.85%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 14.55% (Industry Average ROCE: 21.53%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 3.87% (Industry Average ROE: 64.55%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 8.33
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 6.09
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 22.8 (Industry average Stock P/E: 79.98)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.29
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Xchanging Solutions Ltd. is a Public Limited Listed company incorporated on 01/02/2002 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L72200KA2002PLC030072 and registration number is 030072. Currently Company is involved in the business activities of Computer programming activities. Company's Total Operating Revenue is Rs. 36.83 Cr. and Equity Capital is Rs. 111.40 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
IT Consulting & Software	HP Avenue, 39/40, Electronic City, Bengaluru Karnataka 560100	xchangingcompliance@dxc.com http://www.dxc.com

Management
Name	Position Held
Mr. Nachiket Vibhakar Sukhtankar-	Managing Director & CEO
Mr. Shrenik Kumar Champalal	WholeTime Director & CFO
Mr. Kartik Ganapathy Iyer	Non Executive Director
Mr. Henry D'Souza	Independent Director
Mrs. Nonavinakeri Srinivasaiyengar Rama	Independent Director
Mr. Pankaj Vaish	Independent Director

FAQ

What is the latest intrinsic value of Xchanging Solutions Ltd?

The latest intrinsic value of Xchanging Solutions Ltd as on 09 March 2025 is ₹19.17, which is 80.24% lower than the current market price of 97.00, indicating the stock is overvalued by 80.24%. The intrinsic value of Xchanging Solutions Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹1,080 Cr. and recorded a high/low of ₹143/87.0 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹219 Cr and total liabilities of ₹502 Cr.

What is the Market Cap of Xchanging Solutions Ltd?

The Market Cap of Xchanging Solutions Ltd is 1,080 Cr..

What is the current Stock Price of Xchanging Solutions Ltd as on 09 March 2025?

The current stock price of Xchanging Solutions Ltd as on 09 March 2025 is ₹97.0.

What is the High / Low of Xchanging Solutions Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Xchanging Solutions Ltd stocks is ₹143/87.0.

What is the Stock P/E of Xchanging Solutions Ltd?

The Stock P/E of Xchanging Solutions Ltd is 22.8.

What is the Book Value of Xchanging Solutions Ltd?

The Book Value of Xchanging Solutions Ltd is 29.7.

What is the Dividend Yield of Xchanging Solutions Ltd?

The Dividend Yield of Xchanging Solutions Ltd is 33.0 %.

What is the ROCE of Xchanging Solutions Ltd?

The ROCE of Xchanging Solutions Ltd is 11.9 %.

What is the ROE of Xchanging Solutions Ltd?

The ROE of Xchanging Solutions Ltd is 2.66 %.

What is the Face Value of Xchanging Solutions Ltd?

The Face Value of Xchanging Solutions Ltd is 10.0.